Nifty 14-11-2024

 Regarding Nifty analysis, Everybody is now talking about RSI overbought/oversold, 200 EMA, positive divergence, and Fibonacci 61.8% of the current swing 78.6% further lower at 23260+, ATR resistance and supports, and so on.

But Archived Swing 24753-26277 swings 180% at 23533. check [yesterday's low at 23509 closed at 23559, today's low at 23484 closed at 23532], Maintain 23500
21281-26277 swings 61.8% at 23189 [so below 23500 will lead to 23260-23189 range, expect max downside here]

Bank nifty 13-11-2024

 

Stiff resistance 51500(C) and 50200 good support

Consolidation  7/10/24 to 12/11/2024

with levels 52500 to 51262 and 50900

The only positive on Banknifty is holding 

current swings 38.2% on the weekly chart

Nifty 13-11-2024

 Already issued the Chart with I H&S pattern with TGTs on 17/10/2024

from 24756 with neckline 24700 for 24340-23590 23051

So 23170-23051 is a good support to bounce 

On 04-11-2024 low 23816 closed at 23995

Mentioned Earlier 25400 for 24400 and below 24400  below Weak for 23865-23800 - 23560

breach  all the levels 4 consecutive lows below 24337 also  (38.2%)

of the swing 26227-21281

So, it is a rare case to bounce from 50% at 23754-23560

So,  Minimum 61.8% at 23170 of the current swing and 

Maximum 78.6% at 22339 of the current swing

CASH Bank Nifty chart Analysis for 08-11-2024

 

Banknifty CASH 51916.50

Current Banknifty Sswing 50194-52577 bounced from 61.8% (51104) 3 times and 

bounced from 78.6% at 50703, one time,  both good support  for the TGT 53215-54049+

As like 24440 nifty key for bank nifty 51600(C)

Nifty Chart intra and one week levels 08-11-2024

 

Nifty CASH 24199.30 

NIFTY Swing current 24537-23818 50% at 24117, swing bottom at 23818 [base now, must hold]

Minimum downside at 24092 61.8% maximum 23971  78.6%  for upside bounce 24729 max 24981